Evening Wrap: ASX 200 higher, Wesfarmers soars on Goldman Sachs upgrade, Energy stocks slump
Fri 24 Jan 25, 4:57pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Aristocrat Leisure, Bravura Solutions, Mesoblast, MTM Critical Metals, Pro Medicus, Qantas, Syntara, Worley
Technical Analysis
ChartWatch ASX Scans: Aristocrat Leisure, Bravura Solutions, Mesoblast, MTM Critical Metals, Pro Medicus, Qantas, Syntara, Worley
Wed 04 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Adairs (ADH), Aristocrat Leisure (ALL), Bravura (BVS), Computershare (CPU), Emeco (EHL), Magellan (MFG), Mesoblast (MSB), MTM Critical Metals (MTM), Pro Medicus (PME), Qantas (QAN), Silex (SLX), Syntara (SNT).
- Interesting downtrends in today's Scans: Atlas Arteria (ALX), Coronado Global Resources (CRN), Newmont Corporation (NEM), Syrah Resources (SYR), Whitehaven Coal (WHC), Worley (WOR).
Welcome to my ChartWatch Daily ASX Scans series. Here I present scan lists based on my trend following technical analysis methodology. My goal is to alert you to the best uptrends and downtrends on the ASX.
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Adairs | ADH | $2.70 | +4.7% | +73.6% |
Australian Ethical Investment | AEF | $5.30 | +22.1% | +7.9% |
Aristocrat Leisure | ALL | $69.45 | +11.4% | +71.1% |
AMP | AMP | $1.610 | +11.0% | +72.2% |
BetaShares Australian Quality ETF | AQLT | $32.24 | +5.2% | +31.5% |
Avita Medical | AVH | $4.02 | +30.9% | +22.2% |
Bisalloy Steel Group | BIS | $4.03 | +31.7% | +88.3% |
Bank of Queensland | BOQ | $7.01 | +7.5% | +27.5% |
Bravura Solutions | BVS | $1.655 | +10.0% | +120.7% |
Catapult Group International | CAT | $3.71 | +35.4% | +192.1% |
Centuria Capital Group | CNI | $2.00 | +9.6% | +36.5% |
Coles Group | COL | $19.00 | +8.4% | +23.9% |
Computershare | CPU | $32.88 | +24.1% | +39.3% |
Downer EDI | DOW | $5.87 | +4.1% | +38.4% |
Emeco | EHL | $0.905 | +19.1% | +48.4% |
BetaShares Global Sustainability Leaders ETF | ETHI | $16.20 | +6.9% | +28.4% |
Global X Fang+ ETF | FANG | $30.08 | +8.9% | +46.4% |
Barrow Hanley Global Share Fund ETF | GLOB | $4.78 | +4.1% | +12.2% |
Hearts and Minds Investments | HM1 | $3.17 | +8.6% | +37.8% |
iShares Core MSCI Australia ESG ETF | IESG | $31.86 | +6.0% | +25.1% |
iShares MSCI Japan ETF | IJP | $110.33 | +6.5% | +16.9% |
iShares Core MSCI World EX Australia ESG ETF | IWLD | $61.37 | +6.2% | +30.9% |
Judo Capital | JDO | $2.02 | +7.4% | +125.7% |
Kelly Partners Group | KPG | $9.65 | +17.5% | +103.2% |
Lendlease Group | LLC | $7.36 | +8.7% | +11.0% |
Magellan Financial Group | MFG | $11.27 | +6.1% | +51.5% |
Magellan High Conviction Trust ETF | MHHT | $2.06 | +7.6% | +28.3% |
Metro Mining | MMI | $0.064 | +23.1% | +220.0% |
Vaneck Morningstar Wide Moat ETF | MOAT | $133.33 | +6.2% | +19.2% |
Mesoblast | MSB | $1.850 | +44.5% | +364.6% |
MTM Critical Metals | MTM | $0.120 | +48.1% | +344.4% |
Mystate | MYS | $4.11 | +8.7% | +33.9% |
News Corporation | NWS | $49.82 | +11.8% | +42.1% |
Objective Corporation | OCL | $18.18 | +10.9% | +60.2% |
Ophir High Conviction Fund | OPH | $3.12 | +13.9% | +41.2% |
Pro Medicus | PME | $256.73 | +31.3% | +190.4% |
Pinnacle Investment Management Group | PNI | $24.36 | +21.9% | +175.9% |
Qantas Airways | QAN | $9.06 | +9.3% | +70.9% |
QBE Insurance Group | QBE | $20.24 | +19.8% | +31.7% |
Qoria | QOR | $0.495 | +22.2% | +115.2% |
BetaShares Global Robotics and Artificial Intelligence ETF | RBTZ | $14.97 | +6.5% | +23.4% |
Global X Robo Global Robotics & Automation ETF | ROBO | $78.20 | +6.8% | +13.1% |
Rpmglobal | RUL | $3.22 | +9.2% | +111.1% |
Superloop | SLC | $2.24 | +20.4% | +242.0% |
Silex Systems | SLX | $6.11 | +15.9% | +88.6% |
Syntara | SNT | $0.069 | +53.3% | +130.0% |
Block | SQ2 | $143.94 | +30.6% | +49.3% |
SRG Global | SRG | $1.330 | +15.2% | +103.1% |
Service Stream | SSM | $1.675 | +8.1% | +86.1% |
SPDR MSCI Australia Select High Dividend Yield Fund ETF | SYI | $30.28 | +4.7% | +15.1% |
Tasmea | TEA | $3.14 | +8.7% | 0% |
Global X Morningstar Global Technology ETF | TECH | $113.20 | +11.5% | +20.4% |
Telstra Group | TLS | $4.00 | +3.1% | +4.7% |
Temple & Webster Group | TPW | $12.26 | +7.7% | +51.0% |
US Masters Residential Property Fund | URF | $0.375 | +8.7% | +43.8% |
Vanguard Diversified High Growth Index ETF | VDHG | $69.81 | +4.8% | +20.9% |
Vanguard All-World Ex-US Shares Index ETF | VEU | $93.22 | +1.3% | +13.7% |
Vanguard MSCI Index International Shares ETF | VGS | $138.33 | +6.5% | +27.9% |
Vanguard MSCI International Small Companies Index ETF | VISM | $70.93 | +8.8% | +26.6% |
Vanguard MSCI Australian Large Companies Index ETF | VLC | $86.72 | +3.9% | +20.5% |
Vaneck MSCI International Value ETF | VLUE | $26.70 | +3.7% | +12.0% |
Xero | XRO | $177.18 | +17.9% | +71.9% |
Today's Uptrends Scan List
Feature Charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Adairs (ASX: ADH), Aristocrat Leisure (ASX: ALL), AMP (ASX: AMP), Bravura Solutions (ASX: BVS), Computershare (ASX: CPU), Emeco (ASX: EHL), BetaShares Global Sustainability Leaders ETF (ASX: ETHI), Hearts and Minds Investments (ASX: HM1), iShares MSCI Japan ETF (ASX: IJP), Magellan Financial Group (ASX: MFG), Mesoblast (ASX: MSB), MTM Critical Metals (ASX: MTM), Objective Corporation (ASX: OCL), Pro Medicus (ASX: PME), Pinnacle Investment Management Group (ASX: PNI), Qantas Airways (ASX: QAN), Qoria (ASX: QOR), BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ), Rpmglobal (ASX: RUL), Superloop (ASX: SLC), Silex Systems (ASX: SLX), Syntara (ASX: SNT), Block (ASX: SQ2), Service Stream (ASX: SSM), SPDR MSCI Australia Select High Dividend Yield Fund ETF (ASX: SYI), Temple & Webster Group (ASX: TPW), US Masters Residential Property Fund (ASX: URF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $8.55 | -7.4% | -42.9% |
Atlas Arteria | ALX | $4.67 | -5.3% | -19.5% |
Boss Energy | BOE | $2.69 | -15.4% | -36.7% |
Coronado Global Resources | CRN | $0.900 | -10.9% | -45.1% |
Healthco Healthcare and Wellness Reit | HCW | $1.115 | -0.9% | -15.8% |
IPH | IPH | $5.06 | -6.6% | -25.5% |
Iress | IRE | $9.15 | -7.6% | +30.2% |
Liontown Resources | LTR | $0.715 | -10.6% | -48.0% |
Meteoric Resources | MEI | $0.093 | -22.5% | -55.7% |
Newmont Corporation | NEM | $62.86 | -8.8% | +4.4% |
Novonix | NVX | $0.695 | +0.7% | +0.7% |
Syrah Resources | SYR | $0.220 | -21.4% | -65.5% |
Whitehaven Coal | WHC | $6.48 | -5.0% | -9.2% |
Worley | WOR | $13.41 | -3.8% | -20.1% |
Woolworths Group | WOW | $30.21 | +1.1% | -12.5% |
Today's Downtrends Scan List
Feature Charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Atlas Arteria (ASX: ALX), Coronado Global Resources (ASX: CRN), Newmont Corporation (ASX: NEM), Syrah Resources (ASX: SYR), Whitehaven Coal (ASX: WHC), Worley (ASX: WOR).
Charts of each below:
ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
Important considerations when using the ChartWatch Daily ASX Scans:
1. The future is unknown. Anything can happen to change the trends in the lists above. A stock in a perfect uptrend or downtrend may not remain that way by the close of trading today. 2. These lists are not exhaustive, they are curated by Carl. You will find that certain stocks might not appear in a particular list on consecutive days but might reappear when Carl feels it deserves to return to the list. 3. This is not a recommendation service, merely an aid to help you better understand the workings of Carl’s technical analysis model in a practical way. Carl will not alert you to stocks that have dropped off a list because their trend has changed – it is up to you to apply the criteria to determine why a particular stock might not still be included. 4. This is general, educational information only – always do your own research.
Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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